¢￿vilY rrfi5tTrti(m Durnber 1011403 Comp*ry registrati￿ 02881047 IEnKl*d ahd Wale51 LEARNING TO WORK {SOUTh EAST) lIm￿ED ANNUAL REPORT AND UNAUDITED FINANCIAL StATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 *AB)FOAD4¢ 2311212022 COMPANIES HOUSE A23 264 LEARNING TOWORK {SOUTh EAsn UMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Roland Cundy Mr ma￿ FY&ldhoLtse Mrjohn Frenth Mr Kevin McGann Mr Richard Standen Mr Chr￿topherThofflas Mrs Rama Varsani Charfty nurnl 1Tr11403 Ctar ended 31 March 2021. Re5pon5ibilitles ￿l￿a51501 rep*xt A5 the charity'5 trustee5 of the Comparry land also its dirertty5 tor the PWFQ5e5 of company lawl you are ￿poNSible fr)r the prepavation of thefinancial statemerrts in arconlante7*ith thÈ requi￿￿entS of tl*ComyrNesAtl 2006 (the 2C4)6 Att). Having satisfied myself that the finanaal Statements of the Company are required to be •udited under Part 16 of the 21NJ6 Act and are eligible for Independent e¥aM￿￿tiOn. I report in respect of my eyamination of the ¢h4rity'S finantial statements as carried out undef sertion 145 of the Charities Art 2011 (the 2011 Act). In (arrwnK Out my examinatM)n I havt follt)wed all thÈ •pplicable Dirertions 8iven ty the (harity Conwni55ion under 5ertion 14515llbl olthe 2011 Art. Ihdependert examinerfs slai*￿ent Since ihe charity's 8ross income exceeded E25Q.CW your eyaminer mu# be a member of a t*Jdy listed in section 145 of Ihe 2011 Act. I ccnhrm that l am qualthed to undert4ke the examiftation bEcause l affl a member ol ICAEW. which is one of tht listed bod*& I have completed my eNAn¥nation. I confirrn that no matters h￿e come to ry attention in connectK)n with the etsmlnation me rau5e to bel*ve that in arty material respea.. accounting rerord5 **re not kept in respect of the Company as required ty 5ertityn 386of the 2(X)6 A¢t: or the financial 5tèiements do not accord wrth those retords.. QT the linancial statefflent5 do not c¢mF4ywith the acc¢)untin8 requirements of 5ertion 3% of the 2CQ6 Art other than any requirernent that the accounts 8Ne a true and fair wew which Is not a matter 0￿Sidered as part of an Independent e¥3minalion' the fit)ancial statements not toen wepared in accorda•ce with the ft*thtyJs and pwinciplts of the Ststement of Recommenthd Practice for accounting ar￿ reporting by charities to thaTities preparing their a¢¢owts i accordance with the financial Repwstsrtda￿ aPP￿e in the UK and liepublic of Ifeiaftd IFftS 1021. I hève no ioTrcems and have come acros5 no other matter5 in connottion With the wrninotion to which attentvjn should be drawn in th15 report ift OTderto enable a propeT understandin8 of tl* finanual ststementsto be rea[￿d. Slmon Oodd ICAEW Nunn Hayward LlP Chartered Accountants 24 Packhorse Road Gerrard5 Cm5S 8ucks SL9 7QE Dèted.. 8 Oecembei 2022 LEARNING TO WORK (SOUTH EAsfi LIMITED STATEMENT OF FINANCIAL AcrivmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Unre5tr1ded fvnd5 fvhd5 2022 2021 Ntytes Ihtoffle Iroffl: Oonations and legacies Charitable actiwt￿5 Othertrading activities InveAments 13.298 41Q.840 34.236 li 38.686 388,522 47 Totsl 1th￿rne 458.385 427.255 ndiluv Charitsble a￿l￿1t￿5 4S2.321 446.889 Other 102 ToLIl expendftyre 452.423 446.889 Nei incomellexpemktuielfor th*ytarl Net mo¥emetht in funds 5.962 119.6341 Fund balarKes at l Awil 2021 78.218 9?￿52 Fund tsal*ncos *1 31 P•larth 2012 84.180 78.218 The st4temtht oFhn4nthil activities includes all gainsand h)sses [ewll￿ed in the year. All income arld ex￿ndit￿re derive from mnbnuini •ctM1￿. The 5tstement of finanual actiwties also complies with thE TewbTErr*nts for an income Expenditure •ctt*unt under the Companv&sAct 2006. LEARNING TO WORK (SOUTH EAsf) UMITED BALANCE SHEET ASAT31 MARCH 2022 2011 Notes Fixed ass*5 Taneible assets 2.435 4.871 Cuvrent assets Detstofs Cash at bank and in hand 71.n8 92.241 39.118 98.993 163,979 138,111 credito￿ *nOuntsla￿n8 dut willwn vear li 145.5671 117.5421 Net current 45sets 118.412 I20.￿9 Total assets le55 liabllft*s 120.847 125.440 Creditors.. amoun151*lhn6 due aftv rnwt than one ￿al 13&6671 147.2221 asws 78.218 Inwme Iwids unre5tri¢ted funds 78.218 84.180 78.218 LEARNING TO WORK (SOUTH EAST) LIMITED BALANCE SHEEf (CONTINUED) ASAT31 MARCH 2022 The company is entitled to the eXeMp￿n fr(ffi) the audit requirement contsined in sertion 477 of the Companie5 Art 20C6. for the year ended 31 March 2022. The directors acknowledge their re5wJn5ibilities for comptying wrth the requ1￿Ments of ￿ Companies Act 2(Q6 with respect to accounting ￿cOld5 and the p￿par*￿n of financial statemerrts. The member5 have not required the compary to 0trrta￿ an audit of its financial statemerrts for the year in question In accordance with section 476. These financial stalemenls have been prepared rn accorda1￿ with the pThiyons applioble to companies subject to the small companie5 regime. The financial 5Mements were appmved bythe on 8 December 2022 Mr Rolan Compaffji wstratlon number0298 LEARNING TO WORK150UTh EA5f> LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH2022 2021 Cash flo*s frtymoptratint a￿￿￿tI Cash lab50rbed byll8enerated frL¥n ope￿IlDn$ 15.9301 9,386 Investlnz attl¥btres In¥estrnent income recei¥ed li 47 li 47 Finantin8 acti¥i¢it5 Repayment ()f borri)win8S 18331 Nql ush Iu50d ￿1/￿enerated from Iln¥￿ arti¥ities 18331 so,thJo Net Idoveasellinuease In ush and (ash ewNalents 16,7521 59,433 Cash and cash ewivalents at bewnninE ofye¥ 98.993 39,56D Cash and tZ5h e4ui¥alefftts at end of par 92.241 98,993 10- LEARNING TO WORK (SOUTH EAsf) LIMtfED NOTES TO THE FINANQAL sfATEMENTS FOR THE YEAR EhlDED 31 MARCH2022 Attounlin8 polides Charlty Infommtion Le•rning to Work (South Eastl Limited is a prNate compary kn"mited fy guarantee incorpoiated in En8tsnd and Wale5. The few5tered offKe 15 178 8uckiThEham knnue. ￿zh, BtTkshNe.$11 4fLO. 1.1 kcountihE£oTr¥entlon The finantial stètements of the charitsble compary. T*hTth 15 a publ* bEnefit eThtity under FRS 102, have been prepored in accordance Witb ihe CharTbes 50RP IFRS 1021'AccouMin8 and Peporbng by Charities.. Statement of Recomrnerbded Prarti£e to charitie5 preparing theiT atcounts in acwrdance ￿th ihe Financkal Reporting StaThJard applicable in the and RepublK of IrelaTrd IFAS 1021 leffeclive l January 20191.. Finanoal Reporting Standard 102 The Financial Repothg St•ndard applKable In the UKand ReputAK of Ireland. and the Companies Acr 2006. The financol statements are wep•red in 5terlin& whKh is the fvnrth)n41 cU￿rt￿ of the. Monttary amounts in these financial sweffEntsare rwr**ed to the nearest £. The financial ststemerts ha* been prepared uThler the his11)￿31 tost tonN*ntion. In*)drfted to include the re¥71uatlon ol freehold propertie5 ond to Include Invest￿n* pmperties and trrtain finanual instruments at fair v•luel. The principal aCCOUrfin£ policiesadopted are set out below. 1.2 Goin¥concern The financial statements hwe been prepared on a corKem ba51& The Trustee5 h￿e rewewed #nd considered rdÉwant information. intluding the annual budiet in making their assessment. In partioJlar, in response to the COVID- 19 pandÈrnK, the Trustee5 haK* 4s5essed the irnwt on iheir artMkne5 of possible 5cenaTiOS brought on by the impart of Cov1￿19, alon8side the mea5ure5 that ha¥t been undertaken to miriEate the current ad¥tr5e condition5, and the current resour£es availabk, the TrU￿eeS haN* conduded that thty can continue to ath*pt the going concern basts in preparing the annual report and accoLMt> 1.3 Inwme All income 15 re¢o8rHsed ￿ the Ststernent of Financwl Attivities once the chorrty hos entidement to the funds, it Is probaNe that ihe ir￿orne will be recei%*d and the amount (3n be rneasu￿d reliablv. Oonated seNices or facilities are re£oBnised twhen the company has control over the item, any condition5 •55OClated W￿*h the donated item been met. the receipt of economic benefrt from the use of the CDr¢A)èny of the item Is probaNe and thai economic benefit can be measured reliably_ ln accordance wAth the Charities SORP IFRS 1021, the general timeof vdunteets is not rttogni5ed: relEr tytheTnJ5tee5' rewtfor rn0￿ inlotmation about their cofttrthutioTh. On receipt. donated PTolessional ser¥i¢e5 ond dofièted faciltrs are ￿08Th1$td on the basis of the vahje ol the grfi to the company vjhich 15 the amolsnt the company woukl have been wlling to ￿ to obtain servitts Or facilitie5 of equlvalent econorn￿ bemefrt art the open mar*et' a Ctsfresponding amount 15 then ¥eto&nised in expenditure In the periad of receipt. LEARNING TO WORK (SOUTh EAsf) UMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountingptslitits (Continued) IA Expendltu Expenditure is recogni5ed once there is a legal or construai¥e oblfjKation to transfer economic benefit to a thiré party, it is probabk that a transfÈr of et(xwiic befiefits will be req￿￿1 in setdernenL and the amountof the obli8ation cath be measured reliably. Expenditure is classified by activity. The c￿5 of eath actmty are made of the total of direct costs and shared cost5. including support Costs in¥olved in undertaking each adiTrnty. ￿Tert costs attributable to a sin8le activity a￿ allocated directly to that artivity. Shared costs which cofttribute to more than one activity ènd wpport C05t5 V4hich are not ttributat4e to a single activity are apportioned behveen those attivitieson a basis consi￿ent wilh the use of resource5. Central staff c05t5 are •lloca*d on the basis of ts.me 5peni dep￿latIOn char¥e5 are alocated on the pDrtion of the asset's use. 1.5 Thnglblefimed assets T•nEible fixed issets are initially ff*a5ured at cost and subsequently measured at C05t or vahjatw. net of depreciation and ary Impaiiment losses. Depreciat￿n 15 recogTrised 50 45 to write off the cost or valuatioD of assets less their res￿lU01 wlue5 their useful lives on the follo*in8 bases.. Fixtures and fittinES Ckn a strn￿ht line ba%5 o*rthree years The pin or loss arisini on the disposal of an is detemiir*d as the bet**en the sale proceeds and the ca￿1￿¥ Trrtlue of the as5eL and is recrynsed in the ststement of ffinanoal arti¥ities. 1.6 Emplope bem¢fits The cost of any unused hdidayentiilerneTrt is rttoensed in the period in whKh empbyee's serYKes are received. TerminatiDn benefit5 are reco8ni5ed iminediately as an expense wlEn the is derybon5trab4f cornmitted to terminate the employmeniof an ern￿Oyee or to pro¥ide ierffAnation bEnefrts. 1.7 RetifemeAtI)enehts Paymentst¢J defined wfitril¥Jtiom retwement benefrtschemes are charged a5 an expense a5 they tsll due. Dohatityis leÉ*ues Unrestricted Unrestricted nds funds 1022 2021 Donations and Membership fees 25,000 13,686 13.298 12- LEARNING TO WORK (SOUTH EAsn LIMITED NOTES TO THE FINANaAL STATEMEf4TS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2022 Charotable arti¥1 Charitable Income He4thng I Ch*ri¢4b Income e4dlog I I￿oMe from wgjerts 410.840 388.S22 Othef tvadreacV¥blies UnFe5trirted funds Totsl 20Z2 2021 Government Grant into 34.236 In¥estments Urwestr1(ted UnrestrKted nd5 Jnos 20ZZ 2021 Interest receivable li 47 Trust¢es' r*munv¥tithi and benefits There were no trnstees. remuneration or otheT beneffts for the year ended 31 March 2022 nor (or the year ended 31 Marth 2021. Emplwes The è%*rap monthty numbwofemployeÈs during the yè*rwas.' 20 Number Number 15 15 13- LEARNING TO WORK (SOUTH EAsf) LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONnNUED) FOR THE YEAR ENDED 31 MARCH2022 Empknyees (Contin¥edl Wa8es ar￿ salaries 5otsal security costs Other pensh)n costs 349.126 25,950 7,049 324.208 21.528 6,222 382.125 351,958 There *tre employeeswhose anThJal remuneration was more than £60.L￿. Tahilble fixed 15sets At l April 2021 99,Q60 At 31 Marrh 2022 99,Q60 Oepredation and imp•rment At l Awil 2021 Depreriaiion charged in the ¥*af 94.189 2,436 At 31 March 2022 96,625 C*rrWn¢ am￿￿1 At 31 March 2022 2,435 At 31 March 2021 4.871 Oeb 2022 Arnount5 fallinoduewtthln Oney￿.. Trade debtors Preptymentsand accrued income 67.511 4,227 34,505 4.613 71,738 39,118 14_ LEARNING TO WORK (SOUTH EASTI LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 2022 20ZI Other lo•n5 49,167 Ptyable within one yeaf payab￿ èfterone year 12.sc 36,667 2.778 47,222 11 rJ*thtor5'. •Dounts f4knBthJe witlM"n one y 2022 2021 Borro￿￿8$ Tyade crEditors Accruals and defefftd irKome 12.5 19.086 13,981 2.778 10.817 3,947 45,%7 17.542 12 Crtthtor5: amuuntsfaifin¥dur after Mor*th￿ on¢y 2021 BorrovAngs 36.667 47.222 ij Related partytrl￿at￿lJns The￿ ￿tTe no di5closable rElaterf party trarbSothon5 during theyear12021- none). 14 Unrestflcted fvnds Within unrestrirted fvnds the￿ is a de9enated amount of £65.0￿{2021 - £65,(X)01 whKh the trustees a￿ ￿tsInIng in case it becomes necessary to acquire new premises in the fotseeable future. This amount is therefore hdd in reserves by the charity and is not available for use lor future project5. The trustee5 have eaTrI￿￿ed all unrestricted funds not held in re5eThEfoi rentand 5talfing [0515. a8ainst future project5 to be undertakw ty the Charitable company. 15-